Early Possession – Buyer’s Risks
I was asked to give some advice to a couple who have contracted to buy a house, but settlement is being delayed. The couple have been offered early possession but that comes with risks: the property becomes the buyer’s risk from the date of possession, so the buyer needs to insure the premises, but might […]
Contracts of Sale
We are helping some clients purchase 2 businesses outside of Perth. It involves contracts of sale and shareholder agreements. One sale has a potentially long settlement, which is due when 2 current employees obtain permanent residency. For contracts of sale, be it for business, plant and equipment or commercial real estate, see Michael Paterson & […]
Ridiculous Offer to Settle
We attended a mediation at the District Court earlier this week. Our clients have an excellent case, supported by an expert’s report, but they are concerned that the enemy company is going broke and any money that they get paid might be clawed back by a liquidator. Our clients are pragmatic. They offered to accept […]